Westfield Real Estate Market Report - August, 2013

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Real Estate Agent with Remax First Realty II 0790808

Westfield, NJ, is located in central Union County and is home to approximately 30,000 people. It was incorporated in 1798, making it one of the oldest towns in New Jersey. Home to approximately 30,000 people, Westfield covers 6.8 square miles in Union County, NJ

 

 

The real estate market in Westfield shows that there are currently 3.7 months of inventory available in Westfield. This number tells you how many months it would take for all the current homes for sale on the market to sell, based upon the rate of sales in the past. A Months of Supply of less than 5 months is what real estate professionals often call a "seller's market." This means that there are more buyers than sellers in the area and homes are selling quicker than they are being put on the market. Typically, this increases prices.

 

 

 

 

Buyers who are considering a home in Westfield need to know the average Days on Market. In Westfield, homes that sold in July sold, on average, after 53 days, which is slightly slower than they were selling earlier this year.

 

 

 

 

In all, there were 168 active listings in Westfield in July and 53 sold listings. The average sale price was $852,207 and the average list price was $910,811.

To browse homes for sale in Westfield, click here. To learn what your home could be worth in this changing real estate market, call us at 908-917-4189.

 

 

For more information on Westfield Real Estate:

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~ Wayne & Jean 

Union County, NJ - a great place to live and work!

If you're looking to buy or sell a property in Union County, call us at 908-917-4189 or email TeamZuhl@gmail.com.

 

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All opinions, information and data provided is deemed reliable but is subject to errors and omissions. Not intended to solicit other Brokers' clients. We cooperate with them fully. 

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Rainmaker
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Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Sellers, now is a great time to put your Westfield NJ house for sale. Inventory is low and Wayne & Jean can help you get it SOLD!

Aug 03, 2013 09:29 PM #1
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Rainmaker
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Wayne Zuhl

The Last Name You'll Ever Need in Real Estate
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